Mfw still haven't found an accountant

>mfw still haven't found an accountant
>mfw i started with $5,000 and had $90,000 at the end of the year 2017
>mfw filing for an income tax extension and giving the government $24,000 while I continue to procrastinate filing the return

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>paying taxes on crypto

pls dont tell me youre this retarded

How to dodge them... go on

Sell youre crypto for cash then slowly slip them into your bankaccount, pay everything cash, buy some gold cash. Tell your bank that you sold personal items on craigslist. $90,000 is not enough to make big waves

>bought a few thousand in decembre that increased to double that until 1.1.2018

>have to fill out taxes for that and not idea of doing that

>bought more coins during february, march nad april

>they wil undoubtedly increase until eoy
>have to pay taxes on that

>want to hold all for at least one year to cash out tax free here in Germany

>gonna have to cash out coins earlier JUST TO PAY MY FUCKING TAXES

I want to kms so bad

I JUST WANT TO HOLD AND CASH OUT ONCE FUCK

How do you sell for CASH?

>mfw i have to file Report of Foreign Bank and Financial Accounts (FBAR) because i had over $10,000 on binance
what the fuck is the federal governments problem?
I don't even know where to start to find an accountant.
I don't want to hire some boomer who knows jack shit

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kek, short-term capital gains tax should be abolished. it should all be one rate
the age of crypto has made such a distinction arbitrary

Don't claim them unless you cashed out. Coinbase reports to the IRS if you cash out. Other exchanges report nothing. Only idiots are paying taxes.

But I need the money on my bank account.

I want to invest it to become financially independent.

And each year I hold, I have to pay taxes on it.

HODLING IS SUICIDE

where the fuck did you get this insane idea that youd have to do that when the laws arent wrotten yet, did someone on reddit tell you this?

>sits at home all day
>complain that he has to pay taxes for his perfect neet job like everyone else

>how do you sell bitcoin for cash

are u srs?

just because most adults are slaves to the embarassing point of having to physically follow the orders of another man for the majority of their waking life doesnt mean the government is somehow any more justified in taking my money because I figured out how not to, you fucking communist

Why would you want to put that kind of crypto wealth into a bank? It's only a matter of time before most merchants accept crypto because people don't want to cash out into fiat. Cash out and have your funds frozen like an idiot. The rest of society will enjoy watching crypto adopters get abused because they will be jealous of our easy wealth. You only own what you have the private key for. Trust me, you will be able to spend your crypto just about anywhere soon. There will simply be too much money in crypto wanting to buy things

it's not paying taxes that's the problem for me
it's all these forms and shit, I don't know what I really got to do
and I can't just trust some boomer accountant either

cash out through banks from different countries if youre from europe.

what are you fucking dumb,
>cant trust an accountant
ask /diy

You don't need a fucking account. I cashed out 6 figures. You know what I did? Reported as short term capital gain with various acquisition dates. Put in my cost basis, sale price, and date. Listed as sale of crypto currency. It said what I owed and I paid it. That's it.

how does the american tax office coerce binance to give them your trade history?

Boom. A true genius. Heres your answer OP.

Is it a good idea to withdraw 2BTC worth of Monero a day and cash out on localmonero.co

I'm withdrawing from Binance and don't want to get verified.

Is it a good idea to withdraw 2BTC worth of Monero a day and cash out on localmonero.co

I'm withdrawing from Binance and don't want to get verified.

Try Cointracking. It will automatically download your trades from most exchanges and then you create your tax forms with it. You can then import the data into HRBlock's TaxCut program. Works for me.

Lol at you cucks shooting yourselves in both feet by “paying taxes” I don’t pay any tax on my crypto. It’s not like the government hasn’t tried to ban and FUD my investments why should they get anything. Either make cryptocurrency legal tender and tax it or carry on banning and fudding and get nothing.

Fuck banks. Fuck the government I just bought a new Merc cash. With crypto gains fuck you

>I don’t pay any tax on my crypto.
How did you withdraw to cash? Localbitcoins?

I wonder how many people out there who simply have friends who are willing to buy their crypto from them for cash. Why local bitcoins? Why not just have a buddy who wants to get into the market.

Localbitcoins & localmonero have reputable local dealers. This is really for avoiding taxes and verification on exchanges.

Honestly though why do it just to avoid taxes? Why not start building a culture around this kind of behavior?

Tired of having to deal with bullshit from your bank? Getting random stupid fucking charges? Tired of having overdraft fees or having to pay 12 bucks a month to have an account open?

If you are a person who only has many a grand in his savings then fuck it. You making min wage? Bank account is pointless honestly. you are better off just leaving that on coin or maybe tether. If the shit blows up you are out a thousand bucks, its not like you were fucking paying rent with that.

That's because you are a small time player living in his mother's basement. An adult would be smart enough not to want the IRS on his ass.

>An adult would be smart enough not to want the IRS on his ass.

If you are in crypto at fucking all. The IRS will default be on your ass. You can be Mr fucking Rogers. The IRS is going to be watching your might-suddenly-become-millionaire ass.

How would they know if you cashed out locally with Monero?

This

local bitcoins feels like a FBI trap. Its also stupid. We as humans should be trading our coins for cash casually in real fucking life.

that's what localbitcoins and localmonero is for. I'm fine with selling in person to friends but most of the professional buyers are on those websites.

I am talking about hitting the bar or night club with a few friends. You dont have cash for some drinks but you have a few bitcoins kicking around. You have a buddy who knows wants to get in the market so you give a little btc and he buys your drinks.

That kind of shit. It should be ingrained in our culture. The next generation should be all about this kind of shit.

Local bitcoins is for tax dodgers who want to get in trouble with the FBI.

How would you cash out $800,000.00

Ask Neo about that meme that was going around back when Bitcoin was money.

HOW DO U OVERCOME THE FACT OF MEETING A STRANGER THAT MIGHT KILL YOU OR THE MATTER THAT YOU'RE CARRYING THOUSANDS OF PURE CASH AROUND. I AM FUCKING PARANOID

shopping mall

I would be carrying the. Monero, we would meet in a kinda public place.